Offshore oil drilling would bring 55,000 jobs to NC economy

North Carolina could add 55,000 jobs and nearly $4 billion to its economy with offshore oil drilling, according to a new report from the American Petroleum Institute. North Carolina could add 55,000 jobs and nearly $4 billion to its economy if the state conducted offshore oil exploration, according to a new report from the American Petroleum Institute.

About 10,000 jobs would come to the state by 2025 and 55,000 by 2035. Also, the offshore drilling, which would occur 3 to 200 miles off the coast of North Carolina, could bring in $885 million in annual rents and royalties between 2017 and 2035, according to the report.

The API said most of the new jobs would come in retail, waste and social assistance and food services needed to support the growing oil and gas industry, the News & Observer reported.

North Carolina Gov. Pat McCrory is among a group of leaders from coastal states pressing President Barack Obama to open offshore drilling in the Atlantic Ocean, the News & Observer reported.

"We have got to get into the exploration business in North Carolina," McCrory, who previously worked for Duke Energy, said at a recent event. "We're reeling from sitting on the sidelines for the past decade, which we should have never done."

PennEnergy's research area offers details on offshore oil drilling.

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